The Prof G Pod with Scott Galloway Office Hours: Apple’s Dependency on Wireless Carriers, Productivity, and the Buy Now, Pay Later Revolution
Aug 9, 2021
The discussion kicks off with fintech disruptors like Klarna and Affirm, and their ethical responsibility to educate young consumers about banking. Apple’s strategy for vertical integration is explored, revealing challenges with external dependencies. Career advice is offered to someone weighing a move to Berlin, balancing passion with financial security. Productivity tips shine, highlighting the importance of maintaining mental and physical well-being. The conversation wraps with fun anecdotes about personal organization and favorite treats.
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Fintech Disruption
- Fintech disruptors target younger consumers overlooked by traditional credit companies.
- This strategy allows them to increase basket sizes and gain market share.
Financial Responsibility and Education
- Regulators should enforce similar standards for new fintech companies as for legacy players.
- Early financial literacy education is crucial for responsible consumer behavior.
Apple's Vertical Integration Strategy
- Apple's success stems from vertical integration, controlling production and distribution.
- This control allows higher margins and brand equity.